Details on major financial cutbacks within WWE right now

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Vince McMahon made the call for some major financial cutbacks within WWE with it being estimated in the eight figure range according to a report by Dave Meltzer. The cuts are being made so the losses for 2014 aren’t as large as they were projecting a month ago with the launch of the WWE Network. Cuts in talent and production are part of this.

Source: The Wrestling Observer Newsletter